Del Monte will invest $100 million to produce bananas in Chiriqui and Bocas del Toro, and it is estimated that average productivity will reach 2,725 boxes of fruit per hectare per year.

From a statement issued by the Presidency of Panama:

The revival of the banana-growing areas in the provinces of Chiriqui and Bocas del Toro will become fact, after Wednesday’s Cabinet Council approval of the conclusion of the Contract Law that will allow a subsidiary of the transnational fruit company Del Monte to invest more than 100 million dollars in banana production, announced the president of the Republic, Juan Carlos Varela.

With the revival of this business through the company Banapiña of Panama, S.A., it is expected that about 3,100 direct jobs will be generated along with the consequent generation of 12,000 indirect jobs in trade and services.